New York Laws
Title 1 - Power Authority of the State of New York
1009-A - Notes of the Authority.

§ 1009-a. Notes of the authority. The authority shall have the power
and is hereby authorized from time to time to issue its negotiable notes
in conformity with applicable provisions of the uniform commercial code
for any corporate purpose and renew from time to time any notes by the
issuance of new notes, whether the notes to be renewed have or have not
matured. The authority may issue notes partly to renew notes or to
discharge other obligations then outstanding and partly for any other
purpose. The notes may be authorized, sold, executed and delivered in
the same manner as bonds. Any resolution or resolutions authorizing
notes of the authority or any issue thereof may contain any provisions
which the authority is authorized to include in any resolution or
resolutions authorizing bonds of the authority or any issue thereof, and
the authority may include in any notes any terms, covenants or
conditions which it is authorized to include in any bonds. All notes
shall be general obligations of the authority payable out of any of its
moneys or revenues, subject only to any contractual rights of the
holders of any of its notes or other obligations then outstanding.

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